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Posts tagged buyout

Growing number of Eidos shareholders support Square Enix buyout

The percentage keeps on growing as Eidos stockholders get in line to support a takeover by Square Enix. MCV reports that Pioneer Investment Management, a ten percent shareholder in the house of Hitman and Croft, is supporting the $120 million buyout. Warner Bros., which controls 20 percent of the...

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Namco Bandai announces intent to purchase D3 Publisher

It looks like even a crack squad of bikini-clad samurai won't be able to hold off an acquisition of D3 by fellow Japanese publisher Namco Bandai. That latter has revealed plans to effectively buy out D3 by purchasing all of its stock. Namco has already made deals with D3's board which have resulted...

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Eidos in early buyout talks

Even though she's more busted than a meth-addicted lady of the night, Eidos is ready to work the street corner again for some johns (we're guessing two brothers with the last name Warner). MCV acquired a statement from the publisher, indicating that the board has received a "preliminary approach"...

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What does it cost to keep EA at bay?

In order to keep out of EA's portfolio Take-Two Interactive spent nearly $11.1 million, according to Security and Exchange Commission filings submitted by the Grand Theft Auto IV publisher. In a seven-month-long period Electronic Arts attempted to purchase Take-Two Interactive by way of initial...

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Take-Two spent $11 million preventing EA takeover

Security and Exchange Commission filings by Take-Two reveal the publisher spent $11.1 million to keep Electronic Arts at bay during its seven-month-long takeover attempt. Gamespot reports that Take-Two incurred the costs during the "strategic review process" of the EA offer. For better or worse...

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Ubisoft 'mad' MMO dev Cryptic went to Atari

The buyout game, like any other, produces sore losers. In this case it's Ubisoft, who lost out to Atari in a bidding war for Champions Online and Star Trek Online developer Cryptic Studios. Gamasutra quotes Ubi's CFO, Alain Martinez, as saying the company was "a bit mad [about]" losing the deal....

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Square Enix proposes Tecmo buyout

It seems Dead Fantasy might just becomes a living reality after all. Square Enix has announced its intention to purchase a majority stake in Tecmo, the Japanese company which recently bid farewell to both its president and most recognizable rockstar developer. As detailed in a press release issued...

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EA, Take-Two take buyout talks behind closed doors

The ongoing drama of who's eating who between mega publishers Electronic Arts and Take-Two has finally been taken behind the curtain, where it should have been all along. After coming to some measure of understanding, the companies have jointly signed a confidentiality agreement, agreeing not to...

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FTC gives green-light for EA's Take-Two buyout

The Federal Trade Commission has stated that it will not oppose EA's pursuit of Take-Two Interactive. Following an investigation, the government agency concluded that no antitrust issue will occur, but left the door open to "take further action as the public interest may require." This means all...

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EA deadline for Take-Two offer ends tonight

Remember kids, EA's $25.74 per share deadline offer for Take-Two ends tonight at 11:59PM EDT. Originally offering $26 per share and a purchase price of $2 billion, EA had lowered its offer when Take-Two declined to sell in April. Currently trading closer to $27 a share, Take-Two Interactive has...

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